1721 NE 8 Street, Fort Lauderdale, FL, 33304
1966
4,745 sqft
SEE OFFERING MEMORANDUM FOR MORE DETAIL*Pro-Forma Cap rate is with no required windstorm insurance for a seller financed deal.Rarely do you find an investment where the land value is nearly identical to the income value. While this property can provide a nice return, redevelopment may be the highest and best use in the long run. This provides steady cash flow while you plan your project. The streets surrounding these two adjacent properties are filled with luxury townhomes. Recently, the building across the street was demolished to make way for a luxury project.There are currently two separate buildings that make up the 7 units for a total of 4,745 SF of structure. The two lots of land total 14,250 SF.
Status:
Pending
Type:
Commercial
Units:
7
Zoning:
RMM-25
Building Type:
Resident. Multi-Fam.
Heating:
Central
Cooling:
Central, Electric, Zoned
Levels:
1
Acreage:
0.33
Est. Taxes:
$34,050
Current Use
Income,Other
Utilities
Cable,Electric,Gas Natural,Municipal Water
Lease Term Type:
Annual,Month to Month
Owner Pays:
Cable,Electric
MLS #:
RX-11041532
Community Info
School Info
Walk Score
Yelp
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